YieldBoost TTEC Holdings Inc From 0.8% To 14.6% Using Options

Shareholders of TTEC Holdings Inc (TTEC) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the January 2022 covered call at the $110 strike and collect the premium based on the $6.20 bid, which annualizes to an additional 13.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 14.6% annualized rate in the scenario where the stock is not called away. Any upside above $110 would be lost if the stock rises there and is called away, but TTEC shares would have to advance 5% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 10.9% return from this trading level, in addition to any dividends collected before the stock was called.